B2S Life Sciences Expands Franklin, Indiana, Operations Complex
The company, which develops pharmaceutical and diagnostic biological reagents, is investing $1.5 million to expand and renovate its nearly 3,000-square foot facility at 97 E. Monroe St. in Franklin, adding 9,000 square feet of laboratory space.
The new building, which is scheduled to be operational in the summer of 2018, will allow B2S to grow its client base, which includes large contract research organizations (CROs), pharmaceutical companies, and smaller biotech businesses and startups. The company also plans to scale its reagent manufacturing to meet export demands and expand its services in biotherapeutic drug development.
“Recruiting and hiring local talent in the area is a priority for us,” said Dr. Ron Bowsher, Chief Scientific Officer at B2S. “From the onset, we have worked together to enhance the local area where we live and work. This priority is reinforced by the fact that many of our lab staff reside in the southern portion of Marion County or Johnson County and by our close partnership with Franklin College. We look forward to continuing to grow the life sciences and biotech presence in central Indiana.”
"This project gives B2S the opportunity to invest in highly skilled talent and jobs quicker than we would be able to achieve otherwise. Together, the state of Indiana, IEDC and city of Franklin have created an environment where small businesses can grow and prosper, allowing for quality of life improvements and business diversification in the region," said Aleks Davis, CEO at B2S.
The IEDC offered B2S up to $250,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. This project was supported by the Johnson County Development Corporation and received grant funding and other tax incentives from the Franklin Development Corporation and Franklin Redevelopment Commission.
"Indiana has earned a reputation as a global leader in life sciences, ranking second in the nation for worldwide exports," said Elaine Bedel, President of the Indiana Economic Development Corporation. "At its new facility, B2S can continue to advance new technologies and life-saving research, while simultaneously investing in Indiana's future workforce, propelling other entrepreneurs and creating good jobs for Hoosiers. We're excited to witness B2S' continued growth alongside our life sciences sector here in Indiana."
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